Herbalife (NYSE:HLF) Hits New 1-Year Low - Here's What Happened

Herbalife Ltd. (NYSE:HLF - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.95 and last traded at $5.97, with a volume of 3033895 shares traded. The stock had previously closed at $6.51.

Analyst Upgrades and Downgrades

HLF has been the topic of several research reports. Mizuho boosted their target price on Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Citigroup cut their price objective on shares of Herbalife from $16.00 to $13.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. DA Davidson decreased their target price on shares of Herbalife from $13.00 to $7.50 and set a "neutral" rating for the company in a research report on Thursday, October 31st. StockNews.com upgraded shares of Herbalife from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Finally, B. Riley reduced their price objective on shares of Herbalife from $17.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $9.90.

Herbalife Stock Down 2.8 %

The stock's fifty day moving average is $6.93 and its two-hundred day moving average is $7.78. The firm has a market capitalization of $534.69 million, a price-to-earnings ratio of 6.24, a P/E/G ratio of 0.18 and a beta of 1.15.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. R Squared Ltd bought a new stake in Herbalife in the 4th quarter valued at $63,000. Van ECK Associates Corp raised its position in shares of Herbalife by 110.4% in the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock valued at $70,000 after purchasing an additional 5,524 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in shares of Herbalife during the 3rd quarter worth about $78,000. Range Financial Group LLC bought a new stake in shares of Herbalife during the 4th quarter worth about $124,000. Finally, SG Americas Securities LLC grew its stake in Herbalife by 83.5% in the 4th quarter. SG Americas Securities LLC now owns 18,884 shares of the company's stock valued at $126,000 after buying an additional 8,591 shares during the last quarter.

Herbalife Company Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.